Chile is the 41st largest export economy in the world and the 77th most complex economy according to the Economic Complexity Index (ECI). In 2015, Chile exported $65.7B and imported $60.9B, resulting in a positive trade balance of $4.78B. In 2015 the GDP of Chile was $240B and its GDP per capita was $23.4k.

Exports

In 2015 Chile exported $65.7B, making it the 41st largest exporter in the world. During the last five years the exports of Chile have decreased at an annualized rate of -1.8%, from $72.1B in 2010 to $65.7B in 2015. The most recent exports are led by Refined Copper which represent 22.6% of the total exports of Chile, followed by Copper Ore, which account for 20.9%.

Imports

In 2015 Chile imported $60.9B, making it the 43rd largest importer in the world. During the last five years the imports of Chile have increased at an annualized rate of 1.8%, from $56.9B in 2010 to $60.9B in 2015. The most recent imports are led by Refined Petroleum which represent 5.91% of the total imports of Chile, followed by Cars, which account for 5.39%.

Origins

Economic Complexity of Chile

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

The economy of Chile has an Economic Complexity Index (ECI) of -0.593 making it the 77th most complex country. Chile exports 131 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).